BAU Bema Npv

    FOR:  KINROSS GOLD CORPORATION

TSX SYMBOL:  K
NYSE SYMBOL:  KGC

AND  BEMA GOLD CORPORATION

TSX, NYSE SYMBOL:  BGO
AIM SYMBOL:  BAU

February 20, 2007

Kinross and Bema Announce Acquisition Closing Date of February 27, 2007

TORONTO, ONTARIO and VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 20, 2007) - Kinross Gold Corporation
("Kinross") (TSX:K)(NYSE:KGC) and Bema Gold Corporation ("Bema") (TSX:BGO)(NYSE:BGO)(AIM:BAU) announced today
that the closing of the acquisition of Bema has been set for February 27, 2007. Bema shareholders voted 91 per
cent in favour of the transaction on January 30, 2007, and the transaction was approved by the Ontario Superior
Court of Justice on January 31, 2007.

In connection with anticipated completion of the transaction, Kinross has waived the condition of closing
relating to the reclassification and the securing of a long term lease of Bema's Kupol lands, having become
satisfied that the remaining administrative steps to complete this process are well advanced and supported by
the Russian authorities. All other regulatory approvals required for the completion of the transaction have
been obtained, and subject to the remaining customary conditions of closing, the transaction will be completed
on February 27, 2007.

It is expected that the common shares of Kinross issuable in connection with the transaction will be listed and
posted for trading on the Toronto Stock Exchange and the New York Stock Exchange on or about February 27, 2007
and that Bema common shares will be delisted from the Toronto Stock Exchange and the New York Stock Exchange on
or about the close of business on February 28, 2007 and February 27, 2007, respectively. It is anticipated that
the Bema warrants currently listed on the Toronto Stock Exchange will commence trading under "Kinross" at the
opening of business March 1, 2007.

Kinross Today

Kinross, a Canadian-based gold mining company, is the fourth largest primary gold producer in North America and
the eighth largest in the world. With eight mines in Canada, the United States, Brazil and Chile, Kinross
employs more than 3,700 people. Kinross maintains a strong balance sheet and a no gold hedging policy. Kinross
is focused on the strategic objective of maximizing net asset value and cash flow per share through a four-
point plan built on growth from core operations; expanding capacity for the future; attracting and retaining
the best people in the industry; and driving new opportunities through exploration and acquisition. Kinross
maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).

Bema Today

Bema Gold Corporation is one of the world's fastest growing intermediate gold producers with operating mines
and development projects on three continents. Bema is projected to produce one million ounces of gold annually
by the year 2009. Bema is listed on the Toronto Stock Exchange and the New York Stock Exchange (symbol: BGO)
and on the AIM Exchange in London (symbol: BAU).

Cautionary Statements

All statements, other than statements of historical fact, contained or incorporated by reference in this media
release, including any information as to the future financial or operating performance of Kinross and Bema,
constitute "forward-looking statements" within the meaning of certain securities laws, including the "safe
harbour" provisions of the Securities Act (Ontario) and the United States Private Securities Litigation Reform
Act of 1995 and are based on expectations, estimates and projections as of the date of this media release.
Forward-looking statements include, without limitation, statements with respect to the future price of gold and
silver, the estimation of mineral reserves and resources, the realization of mineral reserve and resource
estimates, the timing and amount of estimated future production, costs of production, expected capital
expenditures, costs and timing of the development of new deposits, success of exploration activities,
permitting time lines, currency fluctuations, requirements for additional capital, government regulation of
mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and
limitations on insurance coverage. The words "plans," "expects," or "does not expect," "is expected," "budget,"
"scheduled," "estimates," "forecasts," "intends," "anticipates," or "does not anticipate," or "believes," or
variations of such words and phrases or statements that certain actions, events or results "may," "could,"
"would," "might," or "will be taken," "occur" or "be achieved" and similar expressions identify forward-looking
statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that,
while considered reasonable by Kinross and Bema as of the date of this media release, are inherently subject to
significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions
of each of Kinross and Bema include, but are not limited to, the various assumptions set forth in their
respective most recent annual information form and management's discussion and analysis as well as: (1) there
being no significant disruptions affecting operations, whether due to labour disruptions, supply disruptions,
damage to equipment or otherwise during the balance of 2006; (2) development at Paracatu proceeding on a basis
consistent with our current expectations; (3) permitting and development at Buckhorn proceeding on a basis
consistent with Kinross' current expectations; (4) that the exchange rate between the Canadian dollar,
Brazilian real, Chilean peso and the U.S. dollar will be approximately consistent with current levels; (5)
certain price assumptions for gold and silver; (6) prices for natural gas, fuel oil, electricity and other key
supplies remaining consistent with current levels; (7) production forecasts meet expectations for the balance
of 2006; and (8) the accuracy of our current mineral reserve and mineral resource estimates. Known and unknown
factors could cause actual results to differ materially from those projected in the forward-looking statements.
Such factors include, but are not limited to: fluctuations in the currency markets; fluctuations in the spot
and forward price of gold or certain other commodities (such as silver, diesel fuel and electricity); changes
in national and local government legislation, taxation, controls, regulations and political or economic
developments in Canada, the United States, Chile, Brazil, Russia or other countries in which we do or may carry
on business in the future; business opportunities that may be presented to, or pursued by, us; operating or
technical difficulties in connection with mining or development activities; the speculative nature of gold
exploration and development, including the risks of obtaining necessary licenses and permits; and diminishing
quantities or grades of reserves. In addition, there are risks and hazards associated with the business of gold
exploration, development and mining, including environmental hazards, industrial accidents, unusual or
unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate
insurance, or inability to obtain insurance, to cover these risks). Many of these uncertainties and
contingencies can affect Kinross' and Bema's actual results and could cause actual results to differ materially
from those expressed or implied in any forward-looking statements made by, or on behalf of, Kinross or Bema.
There can be no assurance that forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. All of the forward-looking
statements made in this media release are qualified by these cautionary statements. Specific reference is made
to the respective most recent annual information form, annual management's discussion and analysis and other
filings with the securities regulators of Canada and the United States of each of Kinross and Bema. In
addition, the following factors, among others, related to the proposed business combination of Kinross and Bema
could cause actual results to differ materially from the forward-looking statements: the businesses of Kinross
and Bema may not be integrated successfully or such integration may be more difficult, time-consuming or costly
than expected; and the expected combination benefit from the Kinross and Bema transaction may not be fully
realized or not realized within the expected time frame. These factors are not intended to represent a complete
list of the factors that could affect Kinross or Bema or the combination of Kinross and Bema. Each of Kinross
and Bema disclaims any intention or obligation to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise, or to explain any material difference between subsequent
actual events and such forward-looking statements, except to the extent required by applicable law.


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FOR FURTHER INFORMATION PLEASE CONTACT:

For Kinross
Tracey Thom
Office: (416) 365-1362 or Mobile: (416) 301-9022
Email: tracey.thom@kinross.com
Website: www.kinross.com

OR

For Bema
Ian MacLean or Kerry Suffolk
(604) 681-8371
Email: investor@bemagold.com
Website: www.bemagold.com


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Bema Gold Corporation



                                                                

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